NEO/USD pair have tested the local ascending trend line

The currency pair have tested the local ascending trend line from below but failed to jump over it. The test of the resistance area at 68 was also unsuccessful. The currency pair have tested the local ascending trend line from below but failed to jump over it. The test of the resistance area at 68 was also unsuccessful. NEO jumped off those lines and even tried to penetrate the Ichimoku cloud.

NEO/USD went above the descending midterm trend line during the Asian session. The current pair stays above it at the moment. There are no candlestick patterns in the moment of writing.

The possible scenarios for the currency pair are the following:

NEO/USD will reject the descending midterm trend line (green) and move towards the closest resistance area at 68. The currency pair will test it and if succeeded, will be able to develop its progress above the level.

NEO price will fall below the trend line and enter the Ichimoku cloud. The next support area is 62 level.

NEO/USD will stay close to the current level without significant fluctuations during the day.

AS for the daily chart, NEO/USD jumped off the lower border of the Ichimoku cloud meaning bulls have perspectives to change the situation in the nearest future.

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